Home

Microfinance Empowering Women

Posted on February 7, 2008 by Chelsea Wieber
Topics: Women, Microfinance
Countries: India

In a land where three farmers commit suicide per day, microfinance is making positive difference in Vidarbha- India's primary cotton growing region. Over 500,000 female small entrepreneurs there are determined to lift their families from the burden of debt by forming microfinance groups and finding alternative ways to make an income.

The micro credit banks urges them to save with them, with each member depositing money, ranging from 50 rupees to 1,000 rupees every month. The bank in turn provides credit to the group, whose members borrow money from the group depending on their needs.

Thatcher Cook for Mercy Corps
Thatcher Cook for Mercy Corps
Bookmark/Search this post with:
Keywords: debt

Comments

Post new comment

Your email address is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <img> <blockquote>
  • Lines and paragraphs break automatically.

More information about formatting options


Breaking News
Subscribe

Zimbabwe: Inflation Rockets to 231-Million Percent

All Africa - Fri, 10/10/2008 - 08:24
Zimbabwe's annual inflation raced to a record 231-million percent in July, up from 11,2-million percent the previous month, deepening a severe economic crisis, official figures showed on Thursday.

Africa: Going Bananas to Fight Poverty And Hunger

All Africa - Fri, 10/10/2008 - 07:30
Arguably one of the world's most popular fruits, bananas are poorly marketed as a value-added commercial crop in Africa. But that is about to change as a plan is being conceptualised to transform the way Africa produces and sells bananas.

Global Markets Dive in Relentless Selloff

International Herald Tribune - Fri, 10/10/2008 - 06:48
Global investors looked to leaders meeting in Washington for coordinated action to end the financial turmoil on Friday as stocks plummeted again around the world.

The Stunning Collapse of Iceland

Business Week - Fri, 10/10/2008 - 06:30
Home to just 304,000 people, tiny Iceland is emerging as the biggest casualty of the global financial crisis.

Don't Cut Aid to Africa, AU Head Pleads to World

The Epoch Times - Fri, 10/10/2008 - 11:44
The chairman of the African Union urged the world not to slow aid to the world's poorest continent. Experts say that while Africa is relatively insulated from the global credit crisis, there could well be a negative effect on investment, remittances and aid flows from abroad.
See all Breaking News >

Recent comments

An initiative of Mercy Corps
“You must be the change
you wish to see in the world”
— Mahatma Gandhi
Learn more about Mercy Corps >

Efficiency

Over the last five years, more than 89% of Mercy Corps' resources have been allocated directly to programs

Excellence

Mercy Corps is a Charity Navigator 4-star charity.

Click to view our rating from America's premier charity evaluator.

High Value

Every dollar you donate to Mercy Corps helps us secure $20.89 in donated food and other critical supplies.

Mercy Corps — Dept. W — 3015 SW First Ave — Portland, OR 97201
 All original content Copyright © 2008 Mercy Corps. Quoted and linked content is property of the creator(s). Mercy Corps will not sell, rent or trade your personal information.